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the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and a republican congress doing a welfare reform and actually balancing the budget. so we look forward to making this divided government productive for the american people, and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way forward, and we lookford to being part of the solution to -- look forward to being part of the solution to these significant problems. i'll send it over to our new minority whip, senator cornyn of texas. >> thanks, mitch. it's an honor to be elected by my colleagues to serve as the whip, the assistant leader on the republican side. as leader mcconnell has said, we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solving the nation's urgent problems. we know what those are in the lame duck and we know what those are going forward
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